Steel, energy growth plan driving Massey-Essar coal venture
Nov 29, 2007 | 11:07 AM
| Maria Guzzo
Massey Energy Co., Richmond, Va., has entered into a joint-venture agreement with Essar Mineral Resources Ltd., a member of India's Essar Group, to develop coal opportunities.
Plans to boost steel production, among other things, prompted the deal. "Essar is looking to dramatically increase its steel production and energy generation in the coming years," Don L. Blankenship, Massey's chairman and chief executive officer, said. "Massey has some of the best metallurgical and steam coal reserves in North America and the expertise to develop modern, cost-effective coal....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.